Other
Commentary
10/5/2003
05:17 PM
Stephanie Stahl
Stephanie Stahl
Commentary
Connect Directly
RSS
E-Mail
50%
50%

Editor's Note: The Benefits Of Compliance

The emotions, reactions, fears, dread, and assumptions I hear swirling around compliance issues have a familiar ring. Some companies don't like being told by regulators what to do and how to run their businesses. Some companies flounder a bit and then scramble to meet the looming deadline. Some overcompensate with plans, reorgs, and IT purchases. The familiar ring is kind of like the bells that were going off pre-year 2000 when companies were busy getting their systems in order--some grudgingly so, some anxiously.

The Sarbanes-Oxley Act, the USA Patriot Act, the Health Insurance Portability and Accountability Act, the California Security Breach Notification Law, Basel I and II. Whew. Fact is, compliance takes people, processes, and systems to pull off. It can be costly. It can be time consuming. It can be complex. It can be distracting to a company trying to run its business, keep its customers happy, seek new business opportunities, and increase revenue. But it can also be a good thing.

About 38% of the companies surveyed by InformationWeek Research are getting more out of their efforts than the ability to check off that they are compliant. Indeed, while some see regulatory compliance as a necessary evil, others look for ways to wring business value from it--better data, better marketing opportunities, better governance, better contingency plans, and more. Call it serendipity or smart planning or a little of both. But hats off to those who are trying do more than avoid penalties and lawsuits.

For more on compliance, visit informationweek.com/958/compliance.htm, where you'll find coverage from across the InformationWeek Media Network, including Optimize, Bank Systems & Technology, and Wall Street & Technology.

Stephanie Stahl
Editor
sstahl@cmp.com


To discuss this column with other readers, please visit Stephanie Stahl's forum on the Listening Post.

To find out more about Stephanie Stahl, please visit her page on the Listening Post.

Comment  | 
Print  | 
More Insights
IT's Reputation: What the Data Says
IT's Reputation: What the Data Says
InformationWeek's IT Perception Survey seeks to quantify how IT thinks it's doing versus how the business really views IT's performance in delivering services - and, more important, powering innovation. Our results suggest IT leaders should worry less about whether they're getting enough resources and more about the relationships they have with business unit peers.
Register for InformationWeek Newsletters
White Papers
Current Issue
InformationWeek Must Reads Oct. 21, 2014
InformationWeek's new Must Reads is a compendium of our best recent coverage of digital strategy. Learn why you should learn to embrace DevOps, how to avoid roadblocks for digital projects, what the five steps to API management are, and more.
Video
Slideshows
Twitter Feed
InformationWeek Radio
Archived InformationWeek Radio
A roundup of the top stories and trends on InformationWeek.com
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.